East Asia & Pacific (excluding high income) vs Faroe Islands: GDP per capita, PPP
GDP per capita, PPP over time
- East Asia & Pacific (excluding high income)
- Faroe Islands
How they compare
Faroe Islands currently reports 82,089 current international $ against 25,084 current international $ in East Asia & Pacific (excluding high income), a difference of 57,005 current international $.
That makes Faroe Islands's figure about 3.3 times East Asia & Pacific (excluding high income)'s.
Across all 17 years both countries report, Faroe Islands has been ahead every year.
East Asia & Pacific (excluding high income) ranks 19th and Faroe Islands ranks 16th of 47 groups.
Faroe Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | East Asia & Pacific (excluding high income) | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7,749 current international $ | 40,246 current international $ | 32,497 current international $ | Faroe Islands |
| 2010s | 12,060 current international $ | 51,666 current international $ | 39,606 current international $ | Faroe Islands |
| 2020s | 19,774 current international $ | 73,446 current international $ | 53,671 current international $ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, East Asia & Pacific (excluding high income) or Faroe Islands?
- Faroe Islands, at 82,089 current international $ against 25,084 current international $ in East Asia & Pacific (excluding high income) as of 2024.
- What is the difference in gdp per capita, ppp between East Asia & Pacific (excluding high income) and Faroe Islands?
- 57,005 current international $, with Faroe Islands ahead.
- How many years of comparable data are there for East Asia & Pacific (excluding high income) and Faroe Islands?
- 17 years are reported by both, from 2008 to 2024.
- How do East Asia & Pacific (excluding high income) and Faroe Islands rank globally for gdp per capita, ppp?
- East Asia & Pacific (excluding high income) ranks 19th and Faroe Islands ranks 16th of 47 groups.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP per capita, PPP (current international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.